Account Payable Manager
Ghassan Aboud Group
Total years of experience :13 years, 8 Months
Leading a Team of Payables and Branch Accountants for all Grandiose Branches
Ensuring Recording encoding and Posting of GRNs and GRV
Maintianing accuracy and validity of all input data
Regular inspection for any item level discrepency in terms of unposted stock
Resassuring all the FTA Requirements for proper Tax Invoice and Returns Punching
VAT/ Zero VAT items seggregation and assisting VAT Filing for the period
Stock Reconciliation and Validation
30000 plus SKU Tracking and knocking off Neagtive Inventory
Item level Investigation and preventing wastages & shrinkages
Comparing Periodic Inventory results to identify performance and control gaps between key items
Rebate and Inner Margin Management by maintaing Margin Sheet per SKU per Supplier
Monthly MIS assitance and Review
Supervising the Inventory Movement
Approving Supplier Payments
Monthly and Quarterly supplier statement reconciliation vs confirmations
Slow Moving Stock/Supplier Analysis
Maintaining Optimum Targets for Inward Margins Follow up commercial to improve Rebates and Credit Terms
Stock Days and Stock Depreciation Analysis
Promotion Product Analysis and Recommending key deliverables for future promotions
Department/ Section Analysis and Identifying Key Value Items for projecting Department/Section Profitability
Reviwing the Business Development Agreements
Monthly and Daily Sales Cash Reconciliation
Weekly Sales Stock and Wastage Report comparison. Month wise Week wise
Reviewing the Maintenance and Supply Contracts as per policy.
Supervising GL and Assisting Senior Management in providing Progress reports
Controling the revenue leakage by Rebate calculations and other contractual obligations
-Responsible for overall accounting and bookkeeping
-Recording and analyzing daily cost
-Preparing daily cost report and product profitability
-Implemented Quick Books 2013 and working as Power User
-Daily Performance (Cost/ Earning) and Monthly Aggregate Report
-Drafting Six Month Payment & Payable Plan, Matching Expected (Budgeted) Income
-Expenditure Report & comparison Standard variables to update the monthly budget and revise the comparative for each class of expenditure
-Quarterly review of Asset Register and conducting impairment test and updating Depreciation rate for particular class of asset
-Finalization of accounts and producing financial statements
-Implemented budgets and standard costing
-Managing & Approving Payroll of the company
-Bank Reconciliation statements
-Money flow reports and preparation of master account of Cash in Hands, Cash in Transit and Cash Equivalent Investments (Kitchen Items, Coffee Machines etc)
-Managing a team of accountants, Cashiers and Collection agents and providing complete supervisory by communicating the budgets and departmental goals
-Monitoring the cross departmental performance by regular meetings and progress reporting
-Conducting daily research for multiple currencies movement
-Producing daily recommendation Reports
-Producing Research analysis for different pairs of currencies
-Predicting future movements of competing currencies
-Developing pre-feasibility studies for different sectors in Pakistan
-Following regular movement of Karachi Stock Exchange
-Writing promotional contents
-Coordinating with clients and technical experts
-Marketing of the company’s products on social media
-SEO and SMO activities management
-Managing a team of IT-developers and content writers
-Channelizing payments and receipts through web portal
-Maintaining records of transactions and generating sales reports
-Making project profitability report and conducting post completion audits
-Liaising bank transactions and bank reconciliation
-Generating daily, monthly and yearly sales report
-Coordinating Internal Auditor and Risk Manager
-Reporting audit findings to Finance Manager on regular basis
-Finalizing Accounts and preparation of Financial Statements
-Keeping the track of purchases and stock management
-Regular stock count and coordinating purchase requisition to sale process
-Keeping close relations with stakeholders such as banks, suppliers and loyal customers
-Worked as a finance coordinator
-Keeping records of purchases and maintaining sales ledger
-In-house inventory management
-Conducting stock taking
-Helping Risk Managers and detailed business risk analysis
-Retail technology (EPOS)
-Bank Reconciliation and cheque clearance
-Generating daily sales reports and receivables cards
-Working under supervision of Finance Officer and Internal auditor
Risk Management Performance Management Financial Strategy Enterprise Strategy Performance Strategy Information Systems International Financial Reporting Standards- IFRS Institute of Risk Management -IRM Project Management
Ethics and Sustainability Accounting Full Cost Accounting Accounting and Management Control Systems Balanced Score Card